Local retail investors' selling pressure rather drove the 20-stock Qatar Index (based on price data) down 0.25% to 13,871.21 points amid increasing trading volumes.
Total trading volume rose 32% to 18.04mn shares, value by 32% to QR967.89mn and transactions by 25% to 8,980.
Contribution of other sectors to aggregate trading volumes continued to remain low, indicating that the fuel and energy sector lost its share in trading activity to the banking sector.
The banking sector's trading volume grew at an average of 34 per cent during the FY00 to FY10, with the highest trading volume of 161 million in FY07.
The Relationship between Price Changes and Trading Volumes: A Survey.
The observed positive relation between equity security returns and trading volume is well documented in the financial economics literature, and substantiates the contention that trading volume drives security price revisions (Karpoff, 1987).
Overall market liquidity was on the higher side on more-than-tripled trading volumes
in the industrials and transport counters.
Overall market liquidity fell on faster shrinkage in trading volumes
at the telecom, real estate, banking and transport counters.
Overall market liquidity was on the higher side on strengthened trading volumes
, especially in consumer goods and realty counters.
Substantial gains in trading volumes
in telecom stocks led to overall expansion in market liquidity.
Faster slippage in trading volumes
in real estate, telecom and industrials led to overall erosion in the market liquidity.
Local retail investors were net buyers to the tune of QR20.68mn as the 20-stock Qatar Index (based on price data) settled 0.67% higher at 9,913.84 points amidst lower trading volumes
, particularly in consumer goods and banking.